Wednesday, 17 January 2018

Government reassures over supplier Interserve

The government has said it does not believe any of its major suppliers are in a similar position to Carillion.

It commented after shares in the construction and services firm Interserve fell amid reports that its financial health was under special Cabinet Office scrutiny.

The Cabinet Office said it monitored all its "strategic suppliers", and was in regular talks about their finances.

Interserve said it was keeping officials informed.

The company, which employs 80,000 people worldwide, issued a profits warning in September saying its profits were likely to halve, in part because of big losses in its energy-from-waste business.

This was followed by a second profits warning in October.

BBC       News.